Article

2024-04-12 Government Corruption

After Promising Not To, The IRS Army Democrats Expanded Is Targeting The Middle Class

[Federalist] The Internal Revenue Service (IRS) is deploying most of its expanded army of federal tax collectors against the middle class, contradicting Democrats’ promises when they hiked its budget by $80 billion over the next 10 years in 2022.

"President Joe Biden will seek $80 billion to fund enhanced Internal Revenue Service enforcement of high-earners," CNN claimed in 2021. NPR claimed in 2022 that the IRS would spend the money, among other things, on "hiring new enforcement agents" and "auditing the wealthiest Americans." Last month, Bloomberg kept the narrative up, claiming this year’s even higher IRS spending request from the Biden administration was meant to "build[] up its enforcement efforts on wealthy individuals and companies that aren’t paying what they owe."

The IRS last year claimed the extra $80 billion would help the IRS "restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation’s tax laws. The effort... will center on adding more attention on wealthy, partnerships and other high earners that have seen sharp drops in audit rates for these taxpayer segments during the past decade. "

According to a new audit of the agency, as of just less than a year ago, 63 percent of new IRS audit inquiries were to middle-income earners who made less than $200,000.

"Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million," the Wall Street Journal editorial board reported last week. "Don’t forget to save those charitable-giving receipts."

Posted by Besoeker 2024-04-12 03:32|| || Front Page|| [258 views ] Top

#1

Again the usual Fed Toe in the Door, becomes the Fed's camping out in your house.

May I suggest: For a better R.O.I., focus on closing those filthy rich mega donor tax loop holes?

Posted by NN2N1 2024-04-12 05:54|| 2024-04-12 05:54|| Front Page Top

#2 To the surprise of exactly no one.

Posted by Angstrom 2024-04-12 07:46|| 2024-04-12 07:46|| Front Page Top

#3 The IRS / its employees have admitted in the past that they audit lower income taxpayers 'because it's easier'. I know the Mass. DOR loves their bottom fishing audits, knocking out the state's version of the EITC and sundry others.

Posted by Raj 2024-04-12 09:33|| 2024-04-12 09:33|| Front Page Top

#4 Face it: the rich have enough CPAs*, tax attorneys and staff to ensure that in the unlikely event they audited, they will emerge unscathed. Meanwhile, wage slaves who are lucky if they can afford TurboTax can miss something and get caught.

*This is nothing against CPAs - they are just doing their job.

Posted by Rambler in Virginia 2024-04-12 11:31|| 2024-04-12 11:31|| Front Page Top

#5 Was there any doubt??

Posted by 49 Pan 2024-04-12 11:34|| 2024-04-12 11:34|| Front Page Top

#6 Gee.

Posted by swksvolFF 2024-04-12 14:59|| 2024-04-12 14:59|| Front Page Top

#7 Any questions?

Posted by Procopius2k 2024-04-12 17:34|| 2024-04-12 17:34|| Front Page Top

#8 ^ What's going to happen to us with no class?

Posted by Skidmark 2024-04-12 23:11|| 2024-04-12 23:11|| Front Page Top

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